Group 1: Business Structure and Revenue - The main business of Hengshuai Co., Ltd. is divided into cleaning products, motors, and other products, with total revenue in 2023 reaching CNY 911.22 million [1] - Revenue from cleaning pumps and cleaning systems amounted to CNY 466.76 million, while motor business generated CNY 369.41 million, and other products contributed CNY 75.05 million [1] - The business composition ratio is approximately as follows: cleaning products (51.2%), motors (40.5%), and other products (8.3%) [1] Group 2: Cleaning Business Development - The company's cleaning products primarily focus on overseas sales of cleaning pumps and domestic sales of cleaning systems, with a strong global market presence in cleaning pumps [2] - The company is recognized as a hidden champion in the cleaning pump sector, with a good reputation among end vehicle manufacturers [2] - There is a strong potential for growth in overall business volume due to the company's competitive advantages in transitioning from cleaning pumps to cleaning systems [2] Group 3: Product Innovations and Technologies - The company has developed harmonic field motor technology, which reduces motor size while maintaining output power, leading to significant material cost savings [2] - This technology enhances power density and voltage limits, reducing energy loss in inverters and improving overall motor efficiency [2] - The company is expanding its product capacity and categories, leading to increased demand for magnetic materials, which are essential for motor production [2] Group 4: Future Market Prospects - The active perception cleaning system for advanced driver-assistance systems (ADAS) is expected to have a promising market outlook, particularly in high-level autonomous driving scenarios [3] - The need for automatic cleaning systems arises from the increasing number of sensors in vehicles, which require high precision and fault tolerance [3] - The ability to automatically detect and clean sensors will be crucial for maintaining their performance in adverse conditions [3]
恒帅股份(300969) - 投资者关系活动记录表